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GOTHENBURG, Sweden, Jan. 30, 2026 /PRNewswire/ -- Minesto, leading ocean energy developer, has been awarded 24,000 EUR grant funding from the Swedish Energy Agency (SEA) through the Global Innovation Accelerator (GIA) programme, aiming to accelerate the company's market development in Taiwan. As part of the programme, Minesto officially took part in the high-level Nordic-Taiwan Sustainable Energy Forum, held in Taipei in December. With the 24,000 EUR grant funded by SEA through the GIA programme, Minesto targets to secure investments and partnerships for build out of tidal energy power plants at identified sites near Keelung and at Green Island, Most recently, Minesto successfully concluded its participation at the 2025 Nordic-Taiwan Sustainable Energy Forum, held in Taipei in December 2025, where the company presented its ocean-energy technology and engaged with key stakeholders across Taiwan's energy industry. The forum, co-organised by Business Sweden Taiwan and the Energy Administration of Taiwan, brought together policymakers, researchers, and industry leaders to discuss energy resilience and the importance of international collaboration. "Participating in the Nordic-Taiwan Sustainable Energy Forum and advancing our work under the Global Innovation Accelerator programme builds momentum for Minesto in Taiwan," says Dr. YungLung Chen, Project Developer, Minesto Taiwan Ltd. "The GIA programme provides a structured pathway for us to broaden our partner base and secure project finance for the first Dragon Farms in Taiwanese waters." Taiwan remains a strategically important market for Minesto, with the collaboration with National Taiwan Ocean University and an industrial partnership with Taiwan Cement Green Energy in place, supporting joint efforts to advance the commercialisation of ocean-energy solutions tailored to Taiwan's future baseload renewable power needs. National assessments continue to highlight strong tidal streams and robust ocean-current flows in Taiwan's surrounding waters, underscoring the long-term potential for predictable, renewable electricity generation. These conditions align closely with Minesto's tidal technology and Taiwan's ambition to build a resilient, low-carbon energy system. About the Nordic-Taiwan Sustainable Energy Forum: What's New - News & Releases - Ministry of Economic Affairs,R.O.C. Contact Cecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/minesto-accelerates-market-development-in-taiwan-through-swedish-energy-agency-s-global-innovation-a,c4300386 The following files are available for download: https://mb.cision.com/Main/14621/4300386/3908486.pdf PR 260130 Minesto accelerates market development in Taiwan through Global Innovation Accelerator Programme https://news.cision.com/minesto-ab/i/nordic-taiwan-sustainable-energy-forum-photo-credit-business-sweden,c3506573 Nordic-Taiwan Sustainable Energy Forum photo credit Business Sweden https://news.cision.com/minesto-ab/i/minesto-representatives-ruiqi-lee-and-dr-yunglung-chen-presenting-in-taipei-photo-credit-business-sw,c3506574 Minesto representatives Ruiqi Lee and Dr YungLung Chen presenting in Taipei Photo credit Business Sweden
ABU DHABI, UAE, Aug. 1, 2025 /PRNewswire/ -- Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW), the largest financial event in the region, will return for an ambitious fourth edition, which will see it double in size, and cement its status as a top global gathering of financial leaders. The flagship financial event of the MEASA region, hosted by ADGM, the international financial centre of Abu Dhabi and headlined by ADQ, will run from 8th December to 11th December 2025. The agenda for the 2025 edition is designed around the theme of 'Engineering the Capital Network'. 'Engineering' highlights the use of new technologies in re-architecting modern finance, particularly artificial intelligence and quantum technologies. 'Capital Network' reflects the evolving flows and dynamics of financial centres. In a world where gravitational forces from economic giants like China, India, the U.S., and Europe have increasingly centred the nexus of the global market in the Gulf, Abu Dhabi is at the heart of global capital flows and the destination of choice for global participants. The theme also underscores Abu Dhabi's evolution from primarily a capital exporter to a two-way system of capital flows, powered by leading institutions and a world-class regulatory ecosystem at ADGM. Commenting on this year's ADFW, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, said, "ADFW 2025 is set to be our most ambitious edition of this hugely successful event. With this year's edition to be held at a new location and double in size from last year's ADFW venue, we are setting a new standard for financial gatherings in the region and beyond. This reflects Abu Dhabi's growing influence in global capital markets and our commitment to continue creating a truly international financial platform." ADFW has become a launchpad and stage for international deals, partnerships and major announcements. In 2023, global financial institutions representing USD 450 billion of assets under management (AUM) announced at the event that they were setting up in ADGM. This momentum continued in 2024 and during last year's ADFW, institutions representing USD 650 billion in AUM announced they were joining the ADGM community. ADFW 2024 gathered over 20,000+ global leaders, experts, executives, and policymakers, collectively controlling USD 42.5 trillion of assets, and featured over 350 sessions across more than 60 industry-shaping events and strategic forums, with leaders gathering to address major market challenges in economics, asset management, technology and sustainability. Last year, Abu Dhabi's sovereign wealth funds managed an unparalleled USD 1.7 trillion of assets, cementing its status as the world's wealthiest city and empowering its financial might to drive long-term investments and economic resilience. For more information, please visit: www.adfw.com
SINGAPORE and TAIPEI, July 14, 2025 /PRNewswire/ -- The Taiwan Stock Exchange (TWSE) partnered with KPMG Taiwan for a networking event in Singapore to attract Southeast Asian firms to its capital market, drawing over 60 representatives from high-growth companies and venture capital firms eyeing initial public offerings (IPOs). "Singapore's dynamic economy and forward-looking policies create a vibrant hub for innovation, and we see immense potential for collaboration with Taiwan's capital market to drive regional growth and empower Southeast Asian enterprises," said Mr. Wu Wen-Chung, Head of the Economic Division at the Taipei Representative Office in Singapore, at the opening of the "Taiwan Capital Market and Innovation Networking Event" on July 9. "Our goal is to deepen ties with Southeast Asia's innovation ecosystem, encouraging leading firms to list in Taiwan while supporting Taiwanese companies' global expansion," said Ms. Tu Hui-Chuan, Senior Executive Vice President of the TWSE. She highlighted Taiwan's ambition to become a regional hub for innovators, noting the capital market's strong performance in 2024, with 36 new listings marking a 12-year high and IPO fundraising reaching a record $1.35 billion. Among the 31 IPO applications, over 40% came from emerging sectors, and the upgraded Innovation Board 2.0 was spotlighted as a key draw for innovative firms. The event highlighted TWSE's market strengths, including streamlined listing processes and investor-friendly regulations. It showcased how Taiwan's financial market supports diverse industries, from technology to advanced manufacturing, encouraging Southeast Asian firms to consider Taiwan for IPOs and fostering cross-border business collaborations. During the July 8-11 visit, one of several overseas trips in 2025 to promote Taiwan's capital market, TWSE met with Singapore-based innovative firms, including startups in fintech and green technology, to discuss listing opportunities and market entry strategies. These engagements aim to capitalize on Southeast Asia's burgeoning startup ecosystem. The initiative, part of TWSE's "Southeast Asia Innovation Capital Platform," leverages KPMG's regional expertise to strengthen ties with Southeast Asia's startup ecosystem. TWSE aims to transform its Innovation Board into the "NASDAQ of Asia" by offering flexible listing criteria tailored for high-growth tech firms. The platform also seeks to position Taiwan as a leading asset management hub in Asia, capitalizing on the region's digital economy, driven by e-commerce, fintech, and logistics. Looking ahead, TWSE plans to sustain its outreach through the platform, using KPMG's local networks to deepen engagement with Southeast Asia's innovation ecosystem. With the region's startup scene poised for steady growth, TWSE's efforts signal a strategic push to connect regional innovators with global capital, building on Taiwan's reputation for accessible capital markets and a supportive environment for tech-driven firms. TWSE Senior Executive Vice President Tu Hui-Chuan (second from left), KPMG representative, and Taiwanese company delegates attended the "Taiwan Capital Market and Innovation Networking Event" in Singapore, with Wu Wen-Chung, Head of the Economic Division at the Taipei Representative Office in Singapore (third from left), delivering remarks. About TWSE The Taiwan Stock Exchange (the "TWSE") started operations on February 9, 1962. The TWSE is responsible for operating and advancing the Taiwan securities market. The TWSE's primary business operations include listing, trading, settlement, and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms' services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the securities market.
ZHONGSHAN, China, July 7, 2025 /PRNewswire/ -- A total of 198 projects with intent investment of more than 100 billion yuan ($13.96 billion) were signed at the 2025 Zhongshan Investment Promotion Conference, which was held on 30th June in Zhongshan, Guangdong province. The conference also featured the debut of Zhongshan's official city promotional video. Themed around "Invest in Zhongshan, With the future", the event attracted over 400 business representatives from more than 20 countries and regions, as well as delegates from consulates of 15 countries in the provincial capital Guangzhou and foreign business associations in China. Among the projects, 80 percent are from the manufacturing sector, focusing on advanced industries such as biomedicine and healthcare, low-altitude economy, high-end equipment and artificial intelligence. 30th June also marks the first anniversary of the Shenzhen-Zhongshan Link, which is the third mega bridge in the Guangdong-Hong Kong-Macao Greater Bay Area. The link has seen its total traffic volume exceeding 31 million over the past year.
MUSCAT, Oman, April 17, 2025 /PRNewswire/ -- The Sultanate of Oman's recent credit rating affirmation at BBB- with a positive outlook by Standard & Poor's (March 2025) reflects the government's effective fiscal consolidation efforts and improved economic management. A key contributor to this achievement is Oman Investment Authority (OIA), the country's sovereign wealth fund, which since assuming oversight of state-owned companies under the National Development Fund in 2020, has implemented robust governance reforms and targeted debt reduction strategies. These measures strengthened the financial positions of portfolio companies, directly contributing to Oman's enhanced credit profile and overall financial resilience. Oman Investment Authority OIA successfully reduced the aggerate debt of its subsidiaries from USD 29.64 billion in 2021 to USD 23.92 billion by the end of Q3 2024. A notable example is OQ Group, Oman's integrated energy company, which achieved a credit rating upgrade that led to a marked improvement in its net debt-to-profit ratio, enhancing both its financial efficiency and long-term sustainability. In parallel, OIA renegotiated loan terms with banking partners to secure more cost-effective and flexible financing structures, further reinforcing the operational resilience of its portfolio. OIA also significantly reduced reliance on government guarantees to enhance the financial independence and governance of its key subsidiaries. Guarantees extended to major companies such as OQ Group, Asyad Group, Oman's logistics provider, and Nama, Oman's primary provider of electricity, water and wastewater services, were reduced from USD 8.32 billion in 2021 to USD 4.68 billion by 2024, with no new guarantees issued since. In addition, Duqm Refinery and Petrochemical Industries Company (OQ8) recently passed the Lenders Reliability Test (LRT) enabling it to unlock over USD 2 billion in shareholder guarantees. This decisive shift has lowered fiscal risk for the government and signaled a new era of accountability, encouraging companies to leverage their own financial strength and drive future growth. OIA has also further strengthened transparency across its portfolio by mandating financial performance disclosure across its portfolio. Simultaneously, strategic partnerships have attracted foreign investment into priority sectors, contributing to stronger foreign currency reserves. These collective initiatives demonstrate OIA's commitment to Oman Vision 2040 by reinforcing confidence in the Omani economy and supporting long-term sustainability. They also position the Sultanate of Oman as a trusted and competitive investment destination. Contact: Al Yaqdhan Ali Al AbriSenior Officer - Strategic CommunicationTel: +968 24745659alyaqdhan.alabri@oia.gov.om
ABU DHABI, UAE, Dec. 20, 2024 /PRNewswire/ -- ADGM, the leading international financial centre of Abu Dhabi and a globally recognised hub for asset and wealth management unveiled nineteen major announcements from global financial institutions during the third edition of ADFW. These represent almost USD 635 billion in assets under management (AUM) and follow other Q4 announcements from the world's largest asset managers, BlackRock, PGIM, and Nuveen, which have also been set up in ADGM. This remarkable increase, from USD 450 billion to USD 635 billion, within a year has reinforced the centre's reputation as the region's fastest-growing and one of the world's most dynamic jurisdictions for asset management. This growth has been further bolstered by the establishment of billionaire-led family offices, including those of British businessman Asif Aziz, prominent philanthropist and financial strategist Wafic Said, and Singaporean entrepreneur and real estate leader Kishin RK, underscoring the centre's growing appeal as a global wealth management hub. Commenting on Abu Dhabi and ADGM's continued momentum, H.E. Ahmed Jasim Al Zaabi, Member of Abu Dhabi's Executive Council & Chairman of the Abu Dhabi Department of Economic Development (ADDED) and ADGM said, "These milestones reflect the heart of what makes Abu Dhabi so special—a shared vision of progress, partnership, and possibility. The growing number of global financial leaders and innovators choosing ADGM is a testament to the trust they place in our infrastructure, robust regulations, commitment to excellence and Abu Dhabi's reputation as the world's safest and most dynamic jurisdiction for asset and wealth management. As we welcome these new partnerships, we remain dedicated to driving the growth and diversification of the 'Falcon Economy' and creating opportunities that resonate across industries and borders. It's an exciting moment for ADGM, Abu Dhabi, and all those who are part of this remarkable journey." Larry Fink, Chairman and CEO of Blackrock praised Abu Dhabi commenting, "It's been a long journey watching how Abu Dhabi has matured as an economy. The constant innovation that I'm seeing from the economy and from the leadership. And Abu Dhabi has really positioned itself to become a leader over the next 20 years. Its psychology was different, and now it's blossoming into this magnet of opportunity. With that strength, it is now becoming a foundation for innovation." "We see a real burgeoning of entrepreneurship happening in the region and believe that the Middle East is the next big entrepreneurial hot spot. We've watched this happen before and always had our eye out on areas emerging in terms of entrepreneurship," said Bill Ford, Chairman & CEO of General Atlantic, during the second day of ADFW. Sir Paul Marshall, Chairman and Chief Investment Officer of Marshall Wace said, "Abu Dhabi is such a great place. Abu Dhabi is absolutely nailing it. It's a very attractive place." Confirming their establishment in ADGM during ADFW were leading private equity firms General Atlantic, Lone Star Funds, and Investindustrial along with private credit giants Golub Capital and Polen Capital, insurance manager – Eldridge as well as leading global equity management company, Carta and hedge fund Marshall Wace. This recent wave of commitments from global financial institutions signifies ADGM's leadership in attracting the world's foremost investment firms. Reflecting this confidence and growth, billionaire-led family offices have also been drawn to ADGM, recognising it as a trusted hub for managing and growing wealth. Asif Aziz, Founder and CEO of Criterion Capital commented, "Abu Dhabi's transformation into a global financial powerhouse makes it an ideal base for our operations. ADGM's world-class infrastructure and strategic location provide unparalleled opportunities to forge partnerships that align with our growth ambitions across the UAE and beyond." Building on its role as a leading destination for global investors and asset managers, ADGM is also redefining financial innovation by advancing its digital ecosystem. A cornerstone of this effort was the launch of Finstreet, a first-of-its-kind international securities market and an ecosystem for private securities, which exemplifies ADGM's commitment to integrating cutting-edge digital solutions with its robust financial infrastructure. The week also saw a new funding round for Themis and the entry of international digital pioneers Zodia Markets, Polygon Labs, FJ Labs, Aptos Digital, Chainlinks, Astra Tech and Themis, further solidifying the Emirate's reputation as a global innovation hub. Meanwhile, FinTech Astra Tech's Quantix announcement of a landmark USD 500 million financing from Citigroup, among the largest provided to a UAE FinTech company to date, to expand its CashNow consumer lending platform. Additionally, Themis—renowned for its advanced financial crime prevention technologies—is further reinforcing ADGM's position as a hub for the next generation of financial technologies, secured over USD 9.75 million in scale-up funding, building on its success in partnerships with global leaders, including ADGM underscoring its role in advancing financial crime prevention in innovative regulatory environments. The market announcements were released during the third edition of ADFW held under the theme "Welcome to the Capital of Capital," which gathered more than 20,000 leaders and executives from across the financial services industry, which collectively represented more than USD 42 trillion in assets under management. This wave of newcomers ADFW underscores Abu Dhabi's position as a global financial powerhouse and ADGM's role as a catalyst for economic diversification, attracting top-tier talent, cutting-edge technologies, and transformative investments that are shaping the emirate's future.
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